WEST FRASER TIMBER CO LTD WFG
COM · Common Stock · CUSIP 952845105 · ISIN CA9528451052
- SectorMaterials
- IndustrySawmills & Planting Mills, General
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($15.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $73.06. Options: 12 managers hold calls ($35.5m notional), 10 hold puts ($23.6m).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 182 |
| Q4 2022 | 199 |
| Q1 2023 | 195 |
| Q2 2023 | 199 |
| Q3 2023 | 204 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 78 | 112 |
| Q1 2023 | 92 | 103 |
| Q2 2023 | 93 | 99 |
| Q3 2023 | 94 | 99 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $7.4m | $5.0m | 0.67 |
| Q1 2023 | $17.0m | $14.1m | 0.83 |
| Q2 2023 | $21.8m | $10.5m | 0.48 |
| Q3 2023 | $35.5m | $23.6m | 0.66 |
Biggest buyers
| Bridgewater Advisors Inc. | New | +1.1m |
| BANK OF MONTREAL /CAN/ | Added | +303.0k |
| Hudson Bay Capital Management LP | Added | +205.0k |
| ROYAL BANK OF CANADA | Added | +191.1k |
| Maple Rock Capital Partners Inc. | New | +106.0k |
| Smead Capital Management, Inc. | New | +98.6k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +91.5k |
| 1832 Asset Management L.P. | Added | +86.0k |
| SCOTIA CAPITAL INC. | Added | +84.6k |
| NewGen Asset Management Ltd | New | +75.0k |
Biggest sellers
| Point72 Asset Management, L.P. | Reduced | -356.4k |
| GOLDENTREE ASSET MANAGEMENT LP | Sold out | -242.7k |
| BANK OF AMERICA CORP /DE/ | Reduced | -192.2k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp | Reduced | -169.2k |
| Allianz Asset Management GmbH | Reduced | -151.2k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. | Reduced | -146.5k |
| FMR LLC | Reduced | -107.5k |
| Cerity Partners LLC | Reduced | -106.1k |
| Balyasny Asset Management L.P. | Sold out | -101.6k |
| CITADEL ADVISORS LLC | Reduced | -99.9k |
Biggest calls
| BANK OF MONTREAL /CAN/ | Added | $16.9m230.0k shares |
| Point72 Asset Management, L.P. | Unchanged | $5.5m75.0k shares |
| NewGen Asset Management Ltd | New | $5.4m75.0k shares |
| Waratah Capital Advisors Ltd. | New | $2.9m40.0k shares |
| SIG North Trading, ULC | Reduced | $1.4m19.9k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.3m18.4k shares |
| CIBC WORLD MARKET INC. | Reduced | $726.0k10.0k shares |
| CITADEL ADVISORS LLC | Reduced | $580.3k8.0k shares |
| GROUP ONE TRADING LLC | Reduced | $391.7k5.4k shares |
| WOLVERINE TRADING, LLC | New | $333.7k4.6k shares |
Biggest puts
| BANK OF MONTREAL /CAN/ | Added | $9.6m131.0k shares |
| CIBC WORLD MARKET INC. | New | $5.7m78.2k shares |
| SIG North Trading, ULC | Added | $5.5m76.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $1.9m26.0k shares |
| CITADEL ADVISORS LLC | Reduced | $384.5k5.3k shares |
| ASAHI LIFE ASSET MANAGEMENT CO., LTD. | Added | $264.4k3.6k shares |
| WOLVERINE TRADING, LLC | New | $224.9k3.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $14.0k200 shares |
| GROUP ONE TRADING LLC | Reduced | $7.3k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| FIL Ltd 13G · institution +3.6 pts · filed 2025-09-08 | 11.5% |
Insider purchases and sales in Q3 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
None reported in Q3 2023.
Holders, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| Pictet Asset Management Holding SA 0.31% of their portfolio | 3.4m $247.9m | First filing |
| VANGUARD GROUP INC 0.00% of their portfolio | 2.8m $202.1m | Added +39.9k |
| ROYAL BANK OF CANADA 0.05% of their portfolio | 2.3m $168.3m | Added +191.1k |
| BANK OF MONTREAL /CAN/ 0.06% of their portfolio | 2.1m $151.1m | Added +303.0k |
| LETKO, BROSSEAU & ASSOCIATES INC 1.61% of their portfolio | 1.1m $82.1m | Added +5.6k |
| Bridgewater Advisors Inc. 12.70% of their portfolio | 1.1m $79.2m | New |
| FMR LLC 0.01% of their portfolio | 1.1m $79.2m | Reduced -107.5k |
| Connor, Clark & Lunn Investment Management Ltd. 0.38% of their portfolio | 997.2k $72.4m | Added +74.7k |
| NORGES BANK 0.01% of their portfolio | 951.1k $69.0m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 872.7k $63.3m | Reduced -7.3k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.51% of their portfolio | 737.0k $53.5m | Reduced -169.2k |
| MACKENZIE FINANCIAL CORP 0.08% of their portfolio | 716.3k $49.7m | Reduced -9.9k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.20% of their portfolio | 579.4k $42.2m | Added +36.1k |
| Vontobel Holding Ltd. 0.32% of their portfolio | 477.9k $34.7m | Reduced -49.4k |
| VAN LANSCHOT KEMPEN INVESTMENT MANAGEMENT N.V. 0.87% of their portfolio | 476.0k $46.9m | Reduced -146.5k |
| GRS Advisors, LLC 5.10% of their portfolio | 397.4k $28.8m | Reduced -46.4k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.51% of their portfolio | 356.9k $25.9m | Reduced -53.9k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 349.2k $25.4m | Added +38.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 342.4k $24.8m | Added +47.9k |
| TD Asset Management Inc 0.03% of their portfolio | 342.1k $25.0m | Added +20.5k |
| ROBOTTI ROBERT 3.59% of their portfolio | 337.4k $24.5m | Reduced -2.4k |
| KGH Ltd 1.30% of their portfolio | 320.0k $23.3m | Reduced -1.1k |
| Hudson Bay Capital Management LP 0.11% of their portfolio | 310.0k $22.5m | Added +205.0k |
| Legal & General Group Plc 0.01% of their portfolio | 308.4k $22.5m | Added +6.9k |
| SCOPUS ASSET MANAGEMENT, L.P. 0.82% of their portfolio | 298.0k $21.6m | Added +44.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 259.8k $18.9m | Reduced -15.6k |
| Allianz Asset Management GmbH 0.04% of their portfolio | 256.8k $18.7m | Reduced -151.2k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 255.8k $18.7m | Added +53.1k |
| MORGAN STANLEY 0.00% of their portfolio | 254.4k $18.5m | Added +64.5k |
| 1832 Asset Management L.P. 0.03% of their portfolio | 230.4k $16.7m | Added +86.0k |
| BlackRock Inc. 0.00% of their portfolio | 217.8k $15.8m | Added +6.9k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 207.9k $15.1m | Reduced -11.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 197.7k $14.3m | Reduced -13.8k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 194.7k $14.1m | Added +17.2k |
| Swiss National Bank 0.01% of their portfolio | 190.6k $14.0m | Reduced -23.4k |
| Waratah Capital Advisors Ltd. 0.63% of their portfolio | 190.3k $13.8m | Added +70.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 181.8k $13.2m | Reduced -192.2k |
| Amundi 0.01% of their portfolio | 164.9k $11.0m | Added +10.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 164.7k $12.0m | Added +91.5k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 159.4k $11.6m | Added +15.5k |
| Scheer, Rowlett & Associates Investment Management Ltd. 0.97% of their portfolio | 158.9k $11.5m | Added +45.2k |
| CREDIT AGRICOLE S A 0.34% of their portfolio | 154.5k $11.2m | Added +1.0k |
| JANUS HENDERSON GROUP PLC 0.01% of their portfolio | 149.4k $10.9m | Added +12.2k |
| Point72 Asset Management, L.P. 0.04% of their portfolio | 142.1k $10.3m | Reduced -356.4k |
| Public Sector Pension Investment Board 0.07% of their portfolio | 130.0k $9.5m | Added +2.8k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 129.3k $9.4m | Reduced -11.0k |
| Appian Way Asset Management LP 3.12% of their portfolio | 126.1k $9.1m | Reduced -99.7k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 121.0k $8.8m | Added +38.4k |
| Swiss Life Asset Management Ltd 0.14% of their portfolio | 120.6k $8.8m | Added +2.3k |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 116.2k $8.5m | Reduced -5.3k |
| CREDIT SUISSE AG/ 0.01% of their portfolio | 112.9k $8.2m | Reduced -8.9k |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 107.5k $7.7m | Reduced -7.6k |
| Maple Rock Capital Partners Inc. 0.89% of their portfolio | 106.0k $7.7m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 105.6k $7.7m | Reduced -982 |
| SCOTIA CAPITAL INC. 0.06% of their portfolio | 105.2k $7.6m | Added +84.6k |
| CIBC WORLD MARKET INC. 0.03% of their portfolio | 105.0k $7.6m | Added +35.1k |
| AGF MANAGEMENT LTD 0.05% of their portfolio | 101.1k $7.3m | Added +1.0k |
| Smead Capital Management, Inc. 0.15% of their portfolio | 98.6k $7.2m | New |
| Candriam S.C.A. 0.05% of their portfolio | 95.7k $6.9m | Reduced -19.4k |
| Baird Financial Group, Inc. 0.02% of their portfolio | 95.2k $6.9m | Reduced -1.8k |
| T. Rowe Price Investment Management, Inc. 0.00% of their portfolio | 89.4k $6.5m | Added +23.8k |
| Vestcor Inc 0.24% of their portfolio | 89.3k $6.5m | Reduced -4.9k |
| Invesco Ltd. 0.00% of their portfolio | 85.8k $6.2m | Added +7.2k |
| BANK OF NOVA SCOTIA 0.02% of their portfolio | 85.8k $6.2m | Reduced -279 |
| TORONTO DOMINION BANK 0.01% of their portfolio | 83.4k $6.0m | Reduced -30.2k |
| Federation des caisses Desjardins du Quebec 0.07% of their portfolio | 82.3k $6.8m | Added +5.8k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 81.8k $5.9m | Reduced -560 |
| CoreCommodity Management, LLC 1.99% of their portfolio | 81.6k $5.9m | Added +31.5k |
| Russell Investments Group, Ltd. 0.01% of their portfolio | 76.3k $5.6m | Added +34.1k |
| DekaBank Deutsche Girozentrale 0.01% of their portfolio | 75.7k $5.5m | Reduced -12.1k |
| NewGen Asset Management Ltd 4.19% of their portfolio | 75.0k $5.4m | New |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.08% of their portfolio | 71.3k $5.2m | Reduced -9.5k |
| PRIVATE MANAGEMENT GROUP INC 0.21% of their portfolio | 70.3k $5.1m | Reduced -49.3k |
| CIDEL ASSET MANAGEMENT INC 0.25% of their portfolio | 67.4k $4.9m | Added +2.2k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 67.3k $4.9m | Reduced -4.8k |
| Point72 Europe (London) LLP 0.65% of their portfolio | 65.5k $4.8m | Added +36.1k |
| AustralianSuper Pty Ltd 0.03% of their portfolio | 65.1k $4.7m | Reduced -57.8k |
| Alberta Investment Management Corp 0.05% of their portfolio | 62.4k $4.6m | Unchanged |
| OPPENHEIMER & CO INC 0.09% of their portfolio | 61.3k $4.4m | Added +9.4k |
| UBS Group AG 0.00% of their portfolio | 58.8k $4.3m | Reduced -18.0k |
| CIBC Asset Management Inc 0.02% of their portfolio | 57.8k $4.2m | Added +1.4k |
| INTACT INVESTMENT MANAGEMENT INC. 0.18% of their portfolio | 56.0k $4.1m | Reduced -13.9k |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.05% of their portfolio | 52.8k $3.9m | Reduced -984 |
| Maryland State Retirement & Pension System 0.07% of their portfolio | 44.1k $3.2m | Added +1.3k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 42.6k $3.1m | Reduced -99.9k |
| VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio | 42.5k $3.1m | Added +40.1k |
| MEAG MUNICH ERGO, Kapitalanlagegesellschaft mbH 0.13% of their portfolio | 40.6k $3.0m | Added +12.4k |
| Desjardins Global Asset Management Inc. 0.28% of their portfolio | 35.6k $2.6m | New |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 35.3k $2.6m | Added +1.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 34.9k $2.5m | Reduced -4.5k |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 31.2k $2.3m | Unchanged |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 29.7k $2.2m | Reduced -19.6k |
| Cubist Systematic Strategies, LLC 0.03% of their portfolio | 29.6k $2.2m | New |
| Anson Funds Management LP 0.63% of their portfolio | 29.0k $2.1m | New |
| SIG North Trading, ULC 0.88% of their portfolio | 26.8k $1.9m | Reduced -6.4k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.01% of their portfolio | 25.6k $1.9m | Added +347 |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 24.8k $1.8m | New |
| TD Waterhouse Canada Inc. 0.02% of their portfolio | 24.6k $2.4m | Added +8.3k |
| Vident Advisory, LLC 0.05% of their portfolio | 23.0k $1.7m | First filing |
| Skandinaviska Enskilda Banken AB (publ) 0.01% of their portfolio | 22.8k $1.7m | Reduced -60.9k |